Dollar's Rally Picks Up Steam

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By James Ramage and Chiara Albanese A rally in the dollar is picking up steam, as signs of accelerating U.S. growth bolster investor expectations that the Federal Reserve in the coming year will raise interest rates for the first time ...

China July Official Manufacturing PMI 51.7 Versus 51.4 Forecast

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Dollar Up Against Rivals Ahead Of US Jobs Data

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Hiroyuki Kachi The dollar was higher against its rivals in Asian trade Friday, with investors taking a wait-and-see stance ahead of closely watched U.S. jobs data later in the day. As of 0450 GMT, the dollar had risen to ...

Sberbank: EU Sanctions Over Ukraine Undermine System

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Andrey Ostroukh MOSCOW--Russia's largest lender Sberbank said Friday that Brussels' decision to put it on the sanctions list "undermines the foundations of the global financial system and does not contribute to the easing of the European crisis caused by ...

South Korea Inflation at 1.6% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

SEOUL--South Korea's consumer price index rose 1.6% on the year in July, slower than a 1.7% gain the previous month, government data showed Friday. The July reading, meeting the median 1.6% increase forecast by economists surveyed by The Wall Street ...

Japan's Domestic Auto Sales Rise in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

TOKYO--Japan's domestic sales of new cars, trucks and buses increased 0.6% from a year earlier in July, the first rise in four months, the Japan Automobile Dealers Association said Friday. Sales totaled 285,886 vehicles in July, the association said. Auto ...

China Manufacturing Gauges Improve in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--Two closely watched gauges of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Thailand Jul CPI +2.16% On Year; +2.225% Expected

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Consumer prices in Thailand rose more slowly than expected in July, giving the country's central bank room to keep interest rates stable at its policy meeting next week. Thailand's consumer price index rose 2.16 % in July ...

MOL 2Q Clean Ebitda Lower Than Seen, Drops 17% On Year

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Veronika Gulyas BUDAPEST--One of central Europe's largest refineries and Hungary's biggest company by revenue MOL Nyrt. (MOL.BU) saw its clean earnings before interest, taxes, depreciation and amortization, one of the key indicators for the sector, drop by 17% on ...

China HSBC Final Manufacturing PMI Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise in the government's ...

AXA 1st Half Net Profit Up

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

PARIS--AXA SA (CS.FR), Europe's second-largest insurer behind Germany's Allianz SE, said Friday first-half net profit jumped 22%, helped by lower restructuring costs, and a strong life and savings business. The French insurer said net profit for the first six months ...

Hong Kong Ramps Up Intervention to Curb Local Currency

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Fiona Law Hong Kong's de facto central bank injected $65.1 billion Hong Kong dollars (US$8.4 billion) into the foreign-exchange market in July to defend the local currency peg to the U.S. dollar as foreign funds continued to pour into ...

India's Manufacturing Activity At 17-Month High -- Markit

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Anant Vijay Kala NEW DELHI--India's manufacturing activity expanded to its highest level in 17 months last month in the latest sign that the optimism created by India's new government is helping boost business. The seasonally-adjusted HSBC India Manufacturing Purchasing ...

AXA 1st Half Net Profit Up on Lower Costs, Strong Life & Savings

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Noemie Bisserbe PARIS--AXA SA (CS.FR), Europe's second-largest insurer behind Germany's Allianz SE, said Friday first-half net profit jumped 22%, helped by lower restructuring costs, and a strong life and savings business. The French insurer said net profit for the ...

China July Manufacturing Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Polish Manufacturing Activity Contracts in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

WARSAW--A key guage of Poland's manufacturing activity signaled a contraction in July, with the purchasing managers' index dropping for a fifth month in a row, HSBC said Friday. The survey of 300 industrial companies, prepared by Markit Economics for HSBC, ...

Oil Futures Fall but Positive China Data Caps Losses

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Eric Yep Crude-oil futures were largely in negative territory in Asian trade Friday, but recouped some losses after Chinese manufacturing picked up in July. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded ...

China July HSBC Final Manufacturing PMI 51.7 Vs 50.7 in June

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Richard Silk BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise ...

S. Korea Exports Grow 5.7% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Kwanwoo Jun SEOUL--South Korea's exports grew at a faster pace than expected in July, following a weak rebound in June from a fall a month earlier, government data showed on Friday. Exports in July rose 5.7% from a year ...